Depending on who you ask, it'll be gone between 2025 and 2060. The US Government has over 90 trillion in unfunded liabilities ahead of it, much of which is dedicated to social benefits (SS, medicare, etc).

As much as I don't care for our current POTUS, I certainly won't even to begin to pin that issue on him. The Federal Reserve is way, way, way more responsible for our financial conundrum than BHO.

Depending on who you ask, it'll be gone between 2025 and 2060. The US Government has over 90 trillion in unfunded liabilities ahead of it, much of which is dedicated to social benefits (SS, medicare, etc).

As much as I don't care for our current POTUS, I certainly won't even to begin to pin that issue on him. The Federal Reserve is way, way, way more responsible for our financial conundrum than BHO.

Not Obama's fault but a POTUS fault none the less. It was at one time up to one of them to be able to use the SS funds for other stuff.

Do you think they'll just let it fail one day or do you think they'll just increase taxes accordingly in the future?

The US is facing over $100 trillion in future unfunded liabilities. You can raise taxes all you want, but there isn't enough money in this entire continent to cover that.

The US is going to default, and the dollar is going to crash. This is going to happen in my lifetime.

Again, I won't blame BHO for starting this trend. He certainly hasn't done anything to stop it though, or even slightly slow it down. He basically got behind the wheel of an already speeding car and floored it.

The US is facing over $100 trillion in future unfunded liabilities. You can raise taxes all you want, but there isn't enough money in this entire continent to cover that.

The US is going to default, and the dollar is going to crash. This is going to happen in my lifetime.

Again, I won't blame BHO for starting this trend. He certainly hasn't done anything to stop it though, or even slightly slow it down. He basically got behind the wheel of an already speeding car and floored it.

Someone on this forum said some time ago that the US is like a car that has already crashed through the guard rail and is starting it's free fall decent to the canyon floor. And we're all on board.

The US is facing over $100 trillion in future unfunded liabilities. You can raise taxes all you want, but there isn't enough money in this entire continent to cover that.

The US is going to default, and the dollar is going to crash. This is going to happen in my lifetime.

Yep, but first they'll inflate, inflate, inflate (as they already are) and screw over everyone who wasn't game for just living off government programs and collecting their Obamaphones instead of working.

I want to get out of the states in the next few years. Although people point out that a lot of other places aren't exactly "free" either, at least they don't advertise that they're the freest country in the world and then anal probe you for rolling through a stop sign and make you pay for it.

Yep, but first they'll inflate, inflate, inflate (as they already are) and screw over everyone who wasn't game for just living off government programs and collecting their Obamaphones instead of working.

I want to get out of the states in the next few years. Although people point out that a lot of other places aren't exactly "free" either, at least they don't advertise that they're the freest country in the world and then anal probe you for rolling through a stop sign and make you pay for it.

The dollar is going to experience hyper-inflation, and I think it's going to be pretty soon. In my opinion, the Federal Reserve is the root of the majority of the problems in this country. It's the enabler of sooooo many things that are driving this country into the ground. What's disturbing to me is how ignorant most people are of the Federal Reserve; many don't know it even exists. I'm sure this is just how the government wants it too.

I'm with you on bailing out of the US. I've been looking at Canada, and possibly South America as possibilities.